COST BENEFIT ANALYSIS - Action Network

COST BENEFIT ANALYSIS

Nh Ti?n L PL+US Workshop Manager

Juliet Gorman PL+US HR Expert

Our mission: winning high-quality paid family leave for everyone

The Workshop Agenda

Goal: Understand the costs and savings from offering paid family and medical leave at your business.

Today's Agenda:

1. Benefits of a formal policy 2. Key costs & savings 3. Using our calculator tool 4. Q&A

What Is Paid Family and Medical Leave?

Paid Family + Medical Leave

Employees continue to earn pay while taking time away from work for: Birth or adoption of a child Care of a seriously ill family member Personal medical leave

(including pregnancy)

paidleave.us/paidleave_faq

Great Policy Is:

Equal. Applies to all employees and all parents (fathers, adoptive, foster).

Enough. 12 weeks parental and 6 weeks of family and medical leave.

Easy-to-use. Employees access leave easily and feel able to fully use it.

paidleave.us/paidleave_faq

Business Advantages of A Formal Policy

Consistency and fairness Avoid subjective calls on employees' personal situations

Budget and prepare for absences Project & cover costs through a standard offering Less stigma more advance notice better planning

Benefits of paid leave: Retaining employees Improved morale and productivity

Key Costs and Savings

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